7f35b80f-7334-4b6f-8242-75d298cac67aFri, 28 Mar 2014 02:58:17 GMTb7d65bcd-f966-479e-8c41-2524fdadc31cThe IRS recently released Rev. Proc. 2014-17, providing guidance for filing change in accounting methods for dispositions of tangible depreciable property. ]]>Wed, 19 Mar 2014 03:02:50 GMTcc5d5cb2-82ba-48a1-b4e3-3972153b9f80Sat, 15 Mar 2014 03:06:16 GMT598fcd11-dbf7-4f68-9de2-c2a25e2b0305On March 5, the IRS issued two important reporting requirements for employers under the Affordable Care Act: Code Section 6055 and Code Section 6056]]>Fri, 14 Mar 2014 03:11:21 GMTb28b4c12-790c-44c6-8797-5ca3278f2456We compiled the operating results of publicly traded restaurant companies to provide you with timely benchmarking information. ]]>Thu, 06 Mar 2014 04:14:07 GMT77ad3ac4-e888-4a64-8179-17317f5aeae3The IRS has released Rev. Proc. 2014-16, which provides further guidance regarding the final repair regulations issued last September.]]>Thu, 13 Feb 2014 04:22:33 GMT69bb1450-b3bf-4d7d-9f36-9ae861a3b055Wed, 12 Feb 2014 04:24:55 GMT1207ebef-773f-4240-82da-0901763547cbThere are a variety of costs related to opening a new location. Some expenses, such as new kitchen equipment, will be capitalized and depreciated over time.]]>Wed, 05 Feb 2014 04:28:10 GMT9b3d6e1e-d9b4-4b95-a34e-a4f61a2a9281Tue, 11 Feb 2014 04:31:07 GMT08f794dd-5c2a-4fba-ad1d-68b32f4a0262On Jan. 16, 2014, FASB issued two Accounting Standards Updates (ASUs) which provide accounting alternatives within U.S. generally accepted accounting principles (GAAP) for private companies.]]>Wed, 05 Feb 2014 04:36:34 GMT84e91020-4be3-49af-8eb1-6390448363d5Thu, 07 May 2015 20:08:54 GMTf59be47a-5ba3-4b86-b275-3cfe79a06127Thu, 14 May 2015 20:17:17 GMTe6529f2a-b1ff-4f36-91e0-801df1f46eb2Thu, 21 May 2015 13:58:16 GMT39d3a743-383c-4944-a053-0062991413baOn April 10, 2014, FASB issued Accounting Standards Update (ASU) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360).]]>Sat, 19 Apr 2014 02:46:42 GMT57291b9c-a6c1-40eb-8458-5ea8b2f6fbf5At some point, many business owners ask themselves, “What’s my company worth”? A business’s value can vary depending on a wide variety of factors, which is why business appraisals are recommended.]]>Thu, 17 Apr 2014 02:50:15 GMTdf2c5313-6316-4371-b7b0-490857e7d8bcTenant improvement allowances are routinely used in lease negotiations, but certain criteria must be met in order to receive beneficial tax treatment]]>Thu, 03 Apr 2014 02:54:24 GMT5c05bd85-9747-4a18-b7ad-b2e54d309d0bIf you’re considering adding catering to your restaurant’s menu of services, there are many issues to consider. In this first post in our Restaurant Catering Series, we look at a few basic tips and issues.]]>Thu, 29 May 2014 02:23:54 GMTc8b915a9-41d7-41fa-8821-4578b3ee8b2bWed, 28 May 2014 02:27:42 GMT5a844e1a-1c52-4fa1-86fb-46f76b787361We compiled the operating results of publicly traded restaurant companies to provide you with timely benchmarking information.]]>Wed, 21 May 2014 02:37:04 GMT30012dd1-cedf-4256-a51b-9e5ed1beabe0A well-managed restaurant doesn’t always guarantee a sound business strategy, but approaching restaurant management with a focus on facts, figures and the future can help in achieving long-term success. ]]>Thu, 30 Apr 2015 18:10:41 GMT5be579a0-6e9b-488e-9ec0-b3d92718bb21Thu, 09 Apr 2015 18:21:56 GMTac22c5aa-1037-44fb-b458-76072d6538c9Thu, 19 Mar 2015 18:43:55 GMT079624b5-b98c-4b45-a366-7cbf69e0fc28Wed, 18 Mar 2015 18:51:40 GMT38297b52-4d10-441a-8744-2f3226f84304We compiled the operating results of publicly traded restaurant companies to provide you with timely benchmarking information.]]>Wed, 11 Mar 2015 19:16:32 GMTfdc7cf7c-d07e-49aa-b96e-7c4bf6c625edRecently, the IRS released final regulations dealing with repair and capitalization of tangible property under IRC Sec. 162(a) and 263(a) and regulations relating to dispositions under IRC Sec. 168.]]>Thu, 05 Mar 2015 20:08:21 GMTeefc005f-796a-42b7-b27a-29e94a35ae76Tue, 28 Jan 2014 20:18:58 GMT6c6e986c-a065-4fc4-80f1-023698f602b2If you own a restaurant, there may be potential research and development (R&D) tax credit opportunities available to you]]>Wed, 18 Feb 2015 20:47:55 GMT7e2ede45-6a36-41fe-b165-e381685c1cdcAlthough taxpayers are always susceptible to tax scams and schemes, this type of illegal activity seems to increase during tax filing season.]]>Tue, 24 Feb 2015 20:58:17 GMTcb7d853b-0b44-419b-bd57-d8d0a618de95By now, you should have completed requests from your third-party administrator (TPA) regarding employee census data, including dates of birth, dates of hire, number of hours worked last year, and compensation.]]>Thu, 12 Feb 2015 19:00:23 GMT6893ad15-3465-4374-937d-1f0f7fe0c30bTue, 10 Feb 2015 19:07:03 GMT6116d202-8b38-43a1-91ec-b85dd22fe37bWe don’t use a standard “lease vs. buy” model. While financial considerations are important when deciding whether to buy or rent real estate, we think non-financial factors can often be more important.]]>Wed, 25 Jun 2014 01:49:16 GMTe459c78f-f646-4c09-bb97-5761d72995edThe tax treatment of company-paid owner compensation and fringe benefits vary across business entity types. We often find that owners are not compensated properly which can cause issues with the IRS.]]>Thu, 03 Jul 2014 01:56:03 GMT77dfb26f-7acf-4b3e-b4a6-8427d3aec37bIf your company is required to complete a Form 5500 (Annual Return/Report of Employee Benefit Plan), be aware that the list of principal business activity codes has changed since last year.]]>Thu, 19 Jun 2014 02:01:30 GMTcf3cea69-4059-4950-b106-b81c17303380 It is important to know the date of the decision to terminate employment so you can determine when to properly expense termination benefits for GAAP purposes]]>Thu, 19 Jun 2014 02:08:33 GMT35cc7edb-f6a1-44d2-9425-27c0c738e1bbDuring the mid-to-late 1990s, many people enjoyed enormous returns from their investment portfolios. Factors such as a poor business plan – and, in many cases, lack of sales and profitability – brought the good times to a screeching halt shortly after the turn of the century.]]>Wed, 11 Jun 2014 02:18:25 GMTeeee56f3-f4dd-4628-9ca0-b097d3a9fce6Having the right infrastructure is essential to creating the best experience for your customers. A catering business requires planning, organization, and an established kitchen flow.]]>Fri, 25 Jul 2014 01:23:36 GMTe653cd0e-6408-475b-91c0-568eaf30a63eBuy-sell agreements (BSA) can be useful tools for restaurant owners if they are prepared and utilized correctly. ]]>Wed, 23 Jul 2014 01:27:42 GMT3c015176-0ed4-43e2-b3b2-ed7f1c1f0b41Confused by wage-related legislative changes? What about proper classification of employees, minimum wage pay, and overtime pay calculations?]]>Wed, 16 Jul 2014 01:35:44 GMTa00d1a43-fe25-42b5-b62f-65c14f60befdThe IRS began enforcing the rule that service charges are considered part of an employee’s wage – not a tip – and are therefore subject to withholding and reporting requirements.]]>Thu, 28 Aug 2014 01:07:57 GMT0ebc9dd8-e231-499b-90ba-8643ce1735a9We compiled the operating results of publicly traded restaurant companies to provide you with timely benchmarking information. ]]>Thu, 21 Aug 2014 01:14:46 GMT964b83e5-9852-4f8a-b56b-ce6a2e8a5913Consistency is an important ingredient for restaurant success. It is what brings people back for more and creates a regular customer base – reputations are built on consistency.]]>Thu, 07 Aug 2014 01:17:50 GMTa9dd3668-5179-427a-9cdd-b2de9dbd984eA new ruling by the National Labor Relations Board, which states McDonald’s is the joint employer of franchise workers, could have far reaching impact on franchising at other companies and in industries beyond fast-food chains.]]>Sat, 02 Aug 2014 01:20:47 GMTeac946ae-466c-4447-bfd5-87efde3759acLike most business owners, you are probably looking for ways to reduce your tax bill – especially with the highest federal tax bracket rate now at 39.6 percent.]]>Thu, 25 Sep 2014 00:55:22 GMTd4fee421-271a-48f0-814b-d1ee5912fe46Thu, 11 Sep 2014 00:59:42 GMT409071f3-9852-47e3-9eea-de02cee3ad42International franchising can be an exciting and lucrative opportunity for a restaurant. While there are similarities between U.S. and international franchising, the failure to understand and react to the differences can cause substantial financial losses and damage to brand reputation.]]>Thu, 04 Sep 2014 01:04:07 GMT409955d6-8912-4910-b012-7f87482cdbd2Finding the right candidates to fill a position at your restaurant can be time consuming and frustrating. It can also get expensive, and be difficult to handle when you are balancing all your other daily responsibilities.]]>Wed, 29 Oct 2014 20:32:09 GMTd42b18de-e169-4d34-8102-8e5d5eacfdfeImagine if you could create delicious, masterpiece menu items with the speed and efficiency of assembly line production. Now, stop imagining – because it’s possible when you use the commissary kitchen model.]]>Wed, 15 Oct 2014 20:39:35 GMTc5478012-5194-4e68-962f-5e4cb7e0e532Establishing proper policies and reporting procedures, you can make better decisions on pricing and labor and more easily manage cash flow – giving your catering business a better chance at success.]]>Thu, 02 Oct 2014 00:42:03 GMTac7f0beb-7f8b-4f97-a622-1ef4859d724fOn Friday, President Barack Obama signed the Tax Increase Prevention Act of 2014 into law – which includes several tax breaks that had expired at the end of 2013.]]>Tue, 23 Dec 2014 19:26:32 GMTe5243280-1360-487d-9836-dd344d3fe1f9Now that you know how commissary kitchens can increase your efficiency and create consistency in the food you serve, it’s time to figure out how to fully capitalize on a commissary kitchen and expand your income. Here are 3 helpful tips to take the benefits of a commissary kitchen to the next level:]]>Fri, 19 Dec 2014 19:32:43 GMT879c3516-fa94-43f2-8f86-e482ff06abf2With another audit season just over the horizon, it is time to start planning so your next audit goes as smoothly as possible. Below is a generally accepted accounting principles checklist of things to prepare before your next audit begins. ]]>Wed, 12 Nov 2014 21:14:48 GMTcc064af7-239a-4478-8bfd-eae14d8464b0This summer, the Department of the Treasury issued final regulations under section 168 covering the disposition of tangible depreciable property.]]>Wed, 05 Nov 2014 21:25:07 GMTb583555a-cd8f-4794-9f82-82a6de72a402We compiled the operating results of publicly traded restaurant companies to provide you with timely benchmarking information.]]>Wed, 26 Nov 2014 19:42:01 GMT0a0f7f27-f673-42c7-9386-7fc24e517a89Wed, 19 Nov 2014 19:48:37 GMT162e30e2-d86a-418b-bc1f-0fcb12a1c049Tue, 27 Jan 2015 19:12:07 GMT9ec1c379-45ca-478d-8f89-91fc513628e9We often receive questions or overhear comments from restaurant owners, operators, and CFOs about misconceptions in the industry. Five common myths are outlined in this article.]]>Wed, 21 Jan 2015 19:18:51 GMT597f3da9-9d87-40be-a6a0-8806d5038249Mon, 01 Jun 2015 12:14:58 GMT417ac738-5fdc-413a-bb92-7bfd71379514Mon, 08 Jun 2015 11:27:39 GMT047d92b5-1812-489b-8421-cb5ec794f4fbIn our latest benchmarking update, we compiled the operating results of publicly traded restaurant companies in the first quarter of 2015. What did we find?]]>Wed, 10 Jun 2015 15:10:05 GMT7703a437-0295-42e5-86e3-c6bdfb6603fcMon, 15 Jun 2015 15:04:21 GMT78cb6d42-aaee-42a9-b9e3-20c8f13889ecIt is no surprise that there is a desire for individuals to open their pockets and invest in or franchise these concepts.]]>Wed, 17 Jun 2015 19:40:18 GMTe82488e2-c355-4108-95f2-a55b49a878fbWed, 24 Jun 2015 18:39:58 GMTe4447b58-6e3c-4d74-8e85-7cbe25c8a1bcAt last month’s National Restaurant Association Tax and Finance Executive Study Group Meeting, much was discussed around changes at the IRS and the current status of the agency’s operations.]]>Thu, 09 Jul 2015 11:21:14 GMT6e85b296-0cde-4dc9-96a4-b7d49395913dThu, 16 Jul 2015 12:12:15 GMT9fb6544f-3185-4f8d-8f90-f481541cbeb0Until recent years, a restaurant CFO job description required accounting experience, street smarts and good character. ]]>Fri, 24 Jul 2015 15:11:04 GMT3e89d303-b08c-47e1-8152-5fe5846632aeFri, 31 Jul 2015 15:24:47 GMTff9a5ca1-a958-4d23-8381-2a10dbdc20d8Thu, 06 Aug 2015 14:02:28 GMTa5d012eb-1dee-4659-9a90-90e660847723Last week, BDO’s Maurice Liddell presented a webinar on PCI compliance and the ways restaurants can prepare for changes to data security requirements around the processing of payment cards.]]>Tue, 11 Aug 2015 00:53:24 GMTaeedd891-e5e8-4e19-8a08-ed274fac2f8bTue, 18 Aug 2015 14:00:10 GMTe5728b8e-a9e1-4d0a-923a-0b951b80e20eTue, 25 Aug 2015 20:01:54 GMT61a97426-d137-49a4-b76c-99234be91fa6Each quarter, we compile the operating results of publicly traded restaurant companies to provide timely benchmarking information. Curious about how restaurants fared in the second quarter of 2015? Read on.]]>Mon, 31 Aug 2015 18:34:21 GMT70338a2c-82d6-4fe1-983c-a79024e48883Proactive succession planning is fundamental to owning a successful restaurant business.]]>Fri, 04 Sep 2015 13:00:20 GMTc5ba7bc8-caee-4227-8a99-09ce6ab9e515Regardless of an entity’s size, geographic location and complexity, the ability to manage operational, financial and compliance risk is a key ingredient to success. ]]>Thu, 10 Sep 2015 23:06:06 GMT5fb28116-9f00-4143-b9df-6d769156c3e2When young restaurant companies begin growing, many of them start evaluating retirement and incentive plans to help reduce turnover, incentivize key employees and attract new talent. ]]>Mon, 05 Oct 2015 21:28:43 GMT9473a15f-3694-4548-ba59-f944d39c427eThe restaurant and manufactured food industry is notoriously risky. Owners and executives must carefully consider all the risks associated with everything from their restaurant concepts to their social media campaigns]]>Mon, 19 Oct 2015 19:28:00 GMT776203c8-9117-41bf-b970-000264604006Earlier this month, our team headed to Chicago to host our Restaurant CFO Bootcamp. There, we spent three days connecting with industry colleagues on the trends and issues currently top of mind among restaurant executives.]]>Wed, 21 Oct 2015 15:25:20 GMTfabe4e0e-cee1-440e-993f-379b084f3f61Is the U.S. restaurant tipping model on its way out? Amid concerns over whether compensation for back-of-the-house and front-of-the-house employees is fair and how the push for raising minimum wage will impact cost-cutting measures, the tip reform movement is stirring up controversy. ]]>Thu, 05 Nov 2015 15:34:45 GMT57817a58-bde3-4803-a72e-cd5919378692As we approach the end of 2015, it’s time to consider tax-saving opportunities for your business. ]]>Thu, 12 Nov 2015 21:08:43 GMT3c13569b-7516-406a-9fab-5d1505a98af3To get caught up on all the latest in the restaurant industry, don't miss the Fall 2015 edition of our newsletter.
]]>Fri, 13 Nov 2015 16:09:13 GMT4ba8e1b6-e434-493b-ba29-8b0be30de03cOn November 19, 2015, the IRS issued Revenue Procedure 2015-56, which provides a safe-harbor method of accounting for most retailers and restaurants that incur refresh or remodel expenditures on qualified buildings. ]]>Fri, 20 Nov 2015 21:29:12 GMT312d556d-f528-48c7-a80d-35bf0fedcc65Fri, 20 Nov 2015 21:36:05 GMTc86e5343-fe9b-416f-8158-d61cbff264eaMon, 30 Nov 2015 17:34:43 GMTd43efb6a-66a9-408b-b1be-462158923f21Fri, 11 Dec 2015 15:55:26 GMTc62c6b35-d8de-4c24-95f9-0917bf7b2c43The Great Game of Business, the more employees know about their company, the better the company will perform. He goes on to outline the goal of open book management: to teach people how to work together to achieve common goals.]]>Mon, 14 Dec 2015 15:11:02 GMT422a9e57-ab6a-455a-92f6-f68f666362e5Wed, 16 Dec 2015 13:12:19 GMTee376753-4e96-4e93-b402-303a5403705bMon, 21 Dec 2015 20:43:22 GMT8a19ea04-bba6-4679-8f2a-634abfb130f0As we close the door on 2015 and head into the New Year, we’ve taken some time to look back at what has been an eventful and exciting time in the restaurant industry.]]>Wed, 23 Dec 2015 18:30:11 GMT414c8805-548e-43aa-b765-1cae54b6c8fcWed, 06 Jan 2016 13:28:52 GMT70f3cb81-b6a6-4584-986e-44a85d61b1d0Mon, 11 Jan 2016 14:35:34 GMT5dbb7a97-18a4-4e79-ba57-c6f805f2a093Fri, 22 Jan 2016 13:34:14 GMT28ad945e-715f-414b-be68-6b915a0c7d0fFri, 29 Jan 2016 20:15:07 GMT2fb42376-5a82-4c89-8233-037dd32e8562Fri, 05 Feb 2016 19:49:48 GMTc142bdb9-c3e0-448e-9324-46bc25e18e5cMon, 08 Feb 2016 16:35:18 GMT1b6c6253-f467-4cf1-84f3-c5aa9332d1aaWed, 10 Feb 2016 18:30:07 GMTe3ad712c-94d1-4edc-8940-d800dfdbd282Thu, 18 Feb 2016 21:31:04 GMT2dd7b82b-a176-4294-ba48-0fc2e972cb90Thu, 25 Feb 2016 13:39:00 GMT14cf5a35-9869-4f67-b1b6-d3a874fdde04Tue, 01 Mar 2016 15:18:48 GMTc75cd94e-8efe-4ff8-9a32-8436852c373fTue, 08 Mar 2016 19:41:54 GMT8f1b7894-347f-4d5e-99f6-42ba2767ca4bThu, 17 Mar 2016 14:25:01 GMTc9d43358-0eba-4277-a2be-b6b42176f566Fri, 18 Mar 2016 14:36:34 GMT